- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                     CHASE MANHATTAN AUTO OWNER TRUST
                                                                                               SERIES 1998-B
                                                                                      STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
                    PERIOD 3                                                                                        PAGE # 1
            DETERMINATION: 10-Jul-98                                                                                Beginning 6/1/98
             DISTRIBUTION: 15-Jul-98                                                                                Ending   6/30/98
                     TIME: 7/14/98 14:33
                                                                           CLASS A-1 5.578% MONEY MARKET ASSET BACKED NOTES
                                                                           CLASS A-2 5.729% ASSET BACKED NOTES
                                                                           CLASS A-3 5.750% ASSET BACKED NOTES
                                                                           CLASS A-4 5.800% ASSET BACKED NOTES
                                                                           CLASS B-1 6.050% ASSET BACKED CERTIFICATES


                   ORIG PRINCIPAL      BEG PRINCIPAL        PRINCIPAL           INTEREST            TOTAL              END PRINCIPAL
  CLASS                BALANCE            BALANCE         DISTRIBUTION        DISTRIBUTION        DISTRIBUTION             BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                                             
 A-1 Notes         $250,000,000.00     $173,029,601.14      $31,568,952.21      $804,299.26      $32,373,251.47      $141,460,648.93
 A-2 Notes         $200,000,000.00     $200,000,000.00               $0.00      $954,833.33         $954,833.33      $200,000,000.00
 A-3 Notes         $321,000,000.00     $321,000,000.00               $0.00    $1,538,125.00       $1,538,125.00      $321,000,000.00
 A-4 Notes         $282,800,000.00     $282,800,000.00               $0.00    $1,366,866.67       $1,366,866.67      $282,800,000.00
- ------------------------------------------------------------------------------------------------------------------------------------
 NOTE TOTALS     $1,053,800,000.00     $976,829,601.14      $31,568,952.21    $4,664,124.26      $36,233,076.47      $945,260,648.93
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------
B-1                 $32,604,142.65      $32,604,142.65               $0.00      $164,379.22         $164,379.22       $32,604,142.65
- ------------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE
 TOTALS             $32,604,142.65      $32,604,142.65               $0.00      $164,379.22         $164,379.22       $32,604,142.65
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
          TOTALS $1,086,404,142.65   $1,009,433,743.79      $31,568,952.21    $4,828,503.48      $36,397,455.69      $977,864,791.58
- ------------------------------------------------------------------------------------------------------------------------------------


                                               FACTOR   INFORMATION   PER   $1,000


                                   PRINCIPAL               INTEREST            END PRINCIPAL
          CLASS                  DISTRIBUTION            DISTRIBUTION             BALANCE
- --------------------------------------------------------------------------------------------------
                                                                                 
            A-1                  126.27580884            3.21719704           565.84259572
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            A-2                    0.00000000            4.77416665         1,000.00000000
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            A-3                   0.00000000            4.79166667         1,000.00000000
                                                                           -----------------------
                                                                           -----------------------
                           -----------------------------------------------------------------------
            A-4                   0.00000000            4.83333335         1,000.00000000
                                                                           -----------------------
                                                                           -----------------------
- --------------------------------------------------------------------------------------------------
       Notes Totals              29.95725205            4.42600518           897.00194433
- --------------------------------------------------------------------------------------------------

- --------------------------------------------------------------------------------------------------
           B-1                    0.00000000            5.04166669         1,000.00000000
- ------------------------                                                   -----------------------
- --------------------------------------------------------------------------------------------------
    Certificate Totals            0.00000000            5.04166669         1,000.00000000
- --------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------
          TOTALS                 29.05820309            4.44448184           900.09302541
- --------------------------------------------------------------------------------------------------




(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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- ------------------------------------------------------------------------------------------------------------------------------------
                                                                              CHASE MANHATTAN AUTO OWNER TRUST
                                                                                        SERIES 1998-B
                                                                               STATEMENT TO CERTIFICATEHOLDERS
====================================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
                      PERIOD 3                                                                                          PAGE     # 2
              DETERMINATION: 10-Jul-98                                                                              Beginning 6/1/98
               DISTRIBUTION: 15-Jul-98                                                                                Ending 6/30/98
                       TIME: 7/14/98 14:33



                                                                                                                       per $1000
                                                                                                       
Section 5.8 (iii)  Servicing Fee                                                                         $841,194.79      0.77429269


Section 5.8 (iv)   Administration Fee                                                                      $1,000.00      0.00092047


Section 5.8 (vi)   Pool Balance at the end of the Collection Period                                  $977,864,791.58


Section 5.8 (vii)  Repurchase Amounts for Repurchased Receivable
                                      By Seller                                                                $0.00
                                      By Servicer                                                         $95,739.61
                                      TOTAL                                                               $95,739.61

Section 5.8 (viii) Realized Net Losses for Collection Period                                              $55,285.43


Section 5.8 (ix)   Reserve Account Balance after Disbursement                                         $22,532,139.68


Section 5.8 (x)    Specified Reserve Account Balance                                                  $29,335,943.75


Section 5.8 (xi)   Total Distribution Amount                                                          $39,218,017.76

                                      Servicing Fee                                                      $841,194.79
                                      Administrative Fee                                                   $1,000.00
                                      Noteholders' Distribution Amount                                $36,233,076.47
                                      Certificateholders' Distribution Amount                           $ 164,379.22
                                      Deposit to Reserve Account                                       $1,978,367.28


Section 5.8 (xii)  Noteholders' Distributable Amount


    --------------------------------------------------------------------------------------------------------------------------------
     Class     Principal          Interest          Total        Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
    --------------------------------------------------------------------------------------------------------------------------------
                                                                                                               
      A-1     $31,568,952.21     $804,299.26    $32,373,251.47       126.27580884           3.21719704              129.49300588
      A-2              $0.00     $954,833.33       $954,833.33         0.00000000           4.77416665                4.77416665
      A-3              $0.00   $1,538,125.00     $1,538,125.00         0.00000000           4.79166667                4.79166667
      A-4              $0.00   $1,366,866.67     $1,366,866.67         0.00000000           4.83333335                4.83333335
    --------------------------------------------------------------------------------------------------------------------------------
     Total    $31,568,952.21   $4,664,124.26    $36,233,076.47        29.95725205           4.42600518               34.38325723
    --------------------------------------------------------------------------------------------------------------------------------





Section 5.8 (xiii)    Certificateholders' Distributable Amount


 -----------------------------------------------------------------------------------------------------------------------------------
  Class    Principal       Interest         Total        Prin (per $1000/orig)  Int (per $1000/orig)  Total (per $1000/orig)
 -----------------------------------------------------------------------------------------------------------------------------------
                                                                                                        
  B-1       $0.00         $164,379.22      $164,379.22        0.00000000           5.04166669                5.04166669
 -----------------------------------------------------------------------------------------------------------------------------------
 -----------------------------------------------------------------------------------------------------------------------------------
  Total     $0.00         $164,379.22      $164,379.22        0.00000000           5.04166669                5.04166669
 -----------------------------------------------------------------------------------------------------------------------------------




Section 5.8 (xiv)     Reserve Fund Transfer Amount                                                    $ 1,978,367.28




(C) COPYRIGHT 1998, CHASE MANHATTAN BANK
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